JSC "ROSSETI" and Russian Agricultural Bank, JSC signed a Cooperation Agreement

The document provides for cooperation between the parties in support of domestic food industry and agricultural producers, as well as the expansion of areas of mutually beneficial cooperation and improving the efficiency of current operations.

Under the agreement, the bank will finance current operations and investment projects of Rosseti Group of Companies, including those related to the implementation of technological connection to electric networks of agricultural enterprises.

The agreement will strengthen the partnership between the parties and open new perspectives for agriculture and energy sector of the Russian Federation.

For Reference

For the support of state function to support domestic food industry and agricultural producers Rosseti Group of Companies also entered into an agreement with the authorities of the Russian Federation.

These agreements include a number of measures like simplifying the procedure and minimizing the cost for technological connection to the power grids for companies within the industry, offering instalment plans, upholding pricing decisions as well as synchronising the plans made by various Russian constituent territories to create industrial parks for the food industry in accordance with the planned locations of the "open" main substations.